10 ways to calculate return on investment (ROI) for your LMS

 

The return on investment (ROI) for a learning management system comes down to how your business and its bottom line are impacted by your training programs.

When introducing a new LMS, this can look like immediate cost savings (like fewer travel expenses and lower administrative costs), and can cut down on employee turnover, time spent in onboarding, and much much more.

Your LMS ROI is key for your business because it brings back dollars and time to the business that otherwise might have been wasted (bet your boss and your boss’ boss would love the sound of that). So, you’re trying to build a business case that proves your LMS investment is actually going to be cost-effective and revenue generating for your business. But how do you prove it?

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